[Brief Review of Domestic Iron Ore Market] The price of iron ore concentrates in the Tangshan area may have some room to rise

Today, the domestic ore market in Tangshan remained generally stable. Currently, the Fe66% iron ore concentrates dry-basis delivered-to-factory price (tax included) stands at 870-880 yuan/mt. Most traders are considering steel mills' ordering demand, with no obvious bullish sentiment. Buyers maintain a cautious approach to inquiries and purchasing, showing reluctance to accept prices exceeding their psychological expectations. Steel mills continue to prioritize purchasing as needed, with overall desire to bargain down prices remaining relatively strong. However, recent strong performance in the iron ore futures market suggests potential upward price movement for local iron ore concentrates. [SMM Steel]